Sunday, May 1, 2011

Weekend Video Viewing

Apparently it’s music video weekend on The Shamanic Economist. Here is another unlikely new music video — this one actually created by economists to discuss some of the unresolved problems in economic policy. It is surely the best economics music video ever created. If you’re a fan of economics or hip-hop, you have to see this:

Fight of the Century: Keynes vs. Hayek Round Two

The discussion of economic matters is important in itself, and besides that, the production values of the video are a startling step forward from the traditional idea of academic audiovisual materials — like yesterday’s video, another example of broader access to the advanced movie production techniques that a decade ago belonged to a short list of well-funded media businesses.